Asure Software Inc (ASUR) Earns Buy Rating from Canaccord Genuity
Canaccord Genuity reaffirmed their buy rating on shares of Asure Software Inc (NASDAQ:ASUR) in a research note published on Tuesday. Canaccord Genuity currently has a $18.00 price target on the technology company’s stock.
Other research analysts also recently issued research reports about the stock. Northland Securities reaffirmed a buy rating and issued a $18.00 target price on shares of Asure Software in a report on Thursday, September 21st. Zacks Investment Research downgraded shares of Asure Software from a buy rating to a hold rating in a report on Wednesday, August 2nd. Cowen and Company initiated coverage on shares of Asure Software in a report on Wednesday, September 6th. They issued an outperform rating and a $16.00 target price for the company. Finally, Scotiabank downgraded shares of Asure Software from an outperform rating to a sector perform rating in a report on Thursday, September 7th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $15.86.
Shares of Asure Software (NASDAQ:ASUR) traded up 3.63% during midday trading on Tuesday, hitting $11.14. The company had a trading volume of 251,548 shares. The stock has a 50 day moving average price of $11.57 and a 200 day moving average price of $12.60. Asure Software has a 1-year low of $6.36 and a 1-year high of $17.27. The firm’s market capitalization is $138.37 million.
Asure Software (NASDAQ:ASUR) last issued its earnings results on Monday, August 14th. The technology company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.06). The firm had revenue of $12.88 million during the quarter, compared to the consensus estimate of $12.23 million. Asure Software had a positive return on equity of 6.93% and a negative net margin of 5.73%. On average, equities analysts anticipate that Asure Software will post $0.52 EPS for the current fiscal year.
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Hedge funds have recently made changes to their positions in the business. Timpani Capital Management LLC lifted its stake in Asure Software by 143.3% in the 2nd quarter. Timpani Capital Management LLC now owns 142,622 shares of the technology company’s stock worth $2,084,000 after purchasing an additional 84,009 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in Asure Software by 29.1% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 377,917 shares of the technology company’s stock worth $5,521,000 after purchasing an additional 85,140 shares in the last quarter. Unterberg Capital LLC purchased a new stake in Asure Software in the 2nd quarter worth $2,922,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in Asure Software in the 2nd quarter worth $161,000. Finally, Prudential PLC purchased a new stake in Asure Software in the 2nd quarter worth $3,287,000. Institutional investors and hedge funds own 39.67% of the company’s stock.
About Asure Software
Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.
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